Expedia.com Priceline.com, Expedia and Microsoft Announce Settlement

NORWALK, CT and SEATTLE, WA, January 9, 2001 – Priceline.com Incorporated, Expedia, Inc. and Microsoft Corporation today announced that they have settled two lawsuits brought by priceline.com® against Microsoft® and Expedia® in U.S. District Court in Connecticut.

Under the settlement, Expedia.com® will continue to operate its Price Matcher™ services and has entered into a royalty arrangement with Priceline.com. Expedia.com and Priceline.com said they do not expect this arrangement to have a material impact on their respective businesses.

In a joint statement, Priceline.com and Expedia said, “We believe this settlement is in the best interests of our companies. This settlement resolves all legal issues between the parties and allows us to move forward.”

Details of the settlement agreement are confidential, and the parties have agreed to make no comments on the terms of the settlement beyond those contained in this news release.

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